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Stephan Crétier (born 8 August 1963) is a Canadian businessman, entrepreneur, and philanthropist. He is the founding president and chief executive officer of GardaWorld.[1]
Crétier founded GardaWorld in 1995 with an investment of $25,000, which he raised by placing a second mortgage on his home.[2] The company now generates over $5 billion in annual revenues[3] and is one of the largest employers in the security industry, with 122 000 employees worldwide. Over the past 25 years, Crétier has pushed the expansion of his company[4] into the security, risk management and cash services sectors, having grown the company organically and through acquisitions.
Recognized as Young Entrepreneur of the Year in 1998,[5] Growth Leader by Profit 100 magazine for 11 consecutive years,[6] and Great Entrepreneur of the Year in 2006,[7] Crétier was named one of Canada's Entrepreneurs of the Decade by Profit Magazine in 2009 and recipient of the Queen Elizabeth II Diamond Jubilee Medal in 2012.[8] He took the company private[9][10] in a $1.1 billion transaction[11] with support from private equity firm Apax Partners.[12]
In July 2019, he led the largest buyout in Canadian history in a transaction worth $5.2bn with private equity firm BC Partners where Crétier now owns with selected management 49% of GardaWorld.[13]
Philanthropy
editIn 2006 he founded the Stéphan Crétier Foundation. In 2018 the foundation created the B.O.L.O Program for offering financial incentives to the public for finding Canada's top 25 most wanted fugitives.[14][15]
In November 2019, the Montreal Museum of Fine Arts unveiled the Stephan Crétier and Stéphany Maillery Wing for the Arts of One World.[16]
References
edit- ^ "GardaWorld - About Us".
- ^ "In conversation: Stephan Crétier of Garda On becoming the Wal-mart of security, and what exactly Garda is doing in the middle east". Retrieved 2015-02-02.
- ^ "GardaWorld - Fast Facts".
- ^ "Overview: Sights for sore eyes The PROFIT 100 is a very tough club to join. It's not enough to have posted a hot year or two, because the ranking of Canada's Fastest-Growing Companies is based ..."
- ^ "Stephan Cretier Chairman/President/CEO, Garda World Security Corp". Bloomberg News.
- ^ "Canada's fastest-growing companies The Canadian economy seems to be mired in a prolonged period of subpar growth. Hardly a fertile climate, you'd think, for building growth stars. Try telling that to the PROFIT".
- ^ "Company Overview of Garda World Security Corp". Bloomberg News. 11 August 2023.
- ^ "GardaWorld - Our History".
- ^ Silcoff, Sean (7 September 2012). "Garda World Security founder leads company buyout". The Globe and Mail.
- ^ "Garda to go private following $1.1-billion deal between founder, Apax Partners".
- ^ "Garda Security Gets $1.1 Billion Buyout Offer". 7 September 2012.
- ^ "Transaction to Take Garda Private by a Group Led by Company Founder, Chairman and CEO Stephan Cretier Completed". 13 November 2012.
- ^ Gottfried, Miriam (2019-07-23). "BC Partners Nears Deal to Buy Security-Services Company Garda World". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-01-30.
- ^ "About". Bolo Program. 2019-10-29. Retrieved 2023-03-14.
- ^ "CBC News". CBC. 2018-05-01. Retrieved 2023-03-14.
- ^ "The Arts of One World Stephan Crétier and Stéphany Maillery Wing". Montreal Museums. Retrieved 2022-10-05.